Weekly Financial Brief: Key Market Trends, Corporate Movements, and Economic Indicators

  • Nasdaq 100 futures are down by 1% due to rising yields following new data releases.
  • US jobless claims have decreased, marking their lowest point since February.
  • Apple (AAPL) faces potential losses of $194 billion as fears grow over China expanding its iPhone ban, contributing to tech declines.
  • S&P 500 contracts indicate a possible drop for the third consecutive day.
  • The US dollar has strengthened, reaching near a six-month peak earlier this week, while the euro dips given slow Q2 growth.
  • Yuan falls to a 16-year low amid increasing concerns over China’s economic stability.
  • US unemployment applications reduced to their lowest since February, with a 13,000 drop to 216,000 for the week ending Sept. 2.
  • Debt underwriters note that six potential issuers aim to launch new US investment-grade bonds.
  • Post Labor Day, thirty companies have entered the US primary market, surpassing the estimated weekly volume of $45 billion to $50 billion.
  • The International Swaps and Derivatives Association is pushing for more frequent margin adjustments to mitigate potential losses.

Corporate Updates:

  • Dell (DELL) shares fall after a downgrade by Barclays Plc.
  • ai (AI) reports a concerning sales outlook, hinting at challenges in leveraging AI enthusiasm.
  • BlackBerry (TO) reports weaker than expected preliminary revenue.
  • Dave & Buster’s (PLAY) announces below-expected earnings.
  • United Auto Workers plan a counterproposal to Ford Motor Co. (F)
  • McDonald’s (MCD) stocks rise post a positive review by Wells Fargo.
  • GameStop (GME) reports better than expected Q2 sales.
  • Instacart is set to define its IPO price range, with the investor roadshow possibly beginning next week.

Events & Key Market Moves:

  • Upcoming: GDP data from Japan, CPI from Germany, and US wholesale inventories.
  • S&P 500 futures down by 0.7%, while Nasdaq 100 futures see a 1.2% dip.
  • The Bloomberg Dollar Spot Index rose by 0.1%.
  • Bitcoin remains stable, whereas Ether sees a slight dip.
  • 10-year Treasuries yield is on the rise, but Germany and Britain’s 10-year yields see a drop.
  • West Texas Intermediate crude sees a 0.7% decrease, and gold futures are down by 0.2%.

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Weekly Financial Brief: Key Market Trends, Corporate Movements, and Economic Indicators

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